LONDON, Feb. 15, 2021 /PRNewswire/ -- IBM (NYSE: IBM) today announced bp has
joined the IBM Quantum Network to advance the use of quantum
computing in the energy industry.
By joining the IBM Quantum Network™ as an Industry Partner, bp
will have access to IBM's quantum expertise and software and
cloud-based access to the most advanced quantum computers available
via the cloud. This includes access to a premium 65-qubit quantum
computer, the largest universal quantum system available to
industry today, and an important milestone on the IBM Quantum
roadmap to a 1,000-plus qubit system, targeted for the end of
2023.
bp will work with IBM to explore using quantum computing to
solve business and engineering challenges and explore the potential
applications for driving efficiencies and reducing carbon
emissions.
"bp's ambition is to become a net zero company by 2050 or sooner
and help the world get to net zero. Next-generation computing
capabilities such as quantum computing will assist in solving the
science and engineering challenges we will face, enabling us to
reimagine energy and design new lower carbon products," said
Morag Watson, senior vice president,
digital science and engineering for bp.
Quantum computing has the potential to be applied in areas such
as: modelling the chemistry and build-up of various types of clay
in hydrocarbon wells – a crucial factor in efficient hydrocarbon
production; analyzing and managing the fluid dynamics of wind
farms; optimizing autonomous robotic facility inspection; and
helping create opportunities not yet imagined to deliver the clean
energy the world wants and needs.
In 2020, bp announced its net zero ambition and its new
strategy. By the end of this decade, it aims to have developed
around 50 gigawatts of net renewable-generating capacity (a
20-fold increase), increased annual low carbon investment 10-fold
to around $5 billion and cut its oil
and gas production by 40%.
Joining the IBM Quantum Network will enhance bp's ability to
leverage quantum advances and applications as they emerge and then
influence on how those breakthroughs can be applied to its industry
and the energy transition.
"bp joins a rapidly growing number of clients working with IBM
to explore quantum computing to help accelerate the discovery of
solutions to some of today's biggest challenges," added
Dario Gil, Senior Vice President and
Director of IBM Research. "The energy industry is ripe with
opportunities to see value from the use of quantum computing
through the discovery of new materials designed to improve the
generation, transfer, and storage of energy."
bp joins more than 130 members of the IBM Quantum Network, a
global community of Fortune 500 companies, start-ups, academic
institutions and research labs working to advance quantum computing
and explore practical applications. Together, members of the
Network and IBM Quantum teams are researching and exploring how
quantum computing will help a variety of industries and
disciplines, including finance, energy, chemistry, materials
science, optimization and machine learning, among many others.
For more information about the IBM Quantum Network, as well as a
full list of all partners, members, and hubs,
visit https://www.research.ibm.com/ibm-q/network/.
IBM Quantum Network™ is a trademark of International Business
Machines Corporation.
About bp
bp's purpose is to reimagine energy for
people and our planet. It has set out an ambition to be a net zero
company by 2050, or sooner, and help the world get to net zero, and
recently announced its strategy for delivering on that
ambition. For more information visit bp.com.
About IBM Quantum
IBM Quantum is an industry-first
initiative to build universal quantum systems for business and
science applications. For more information about IBM's quantum
computing efforts, please visit www.ibm.com/ibmq.
Contacts:
bp press office, London
+44 (0)7831095541
bppress@bp.com
uspress@bp.com
Elizabeth Banta
IBM Quantum
732-996-4159
elizabeth.banta@ibm.com
Cautionary statement
In order to utilize the 'safe
harbor' provisions of the United States Private Securities
Litigation Reform Act of 1995 (the 'PSLRA'), bp is providing the
following cautionary statement. This press release contains certain
forward-looking statements – that is, statements related to future,
not past events and circumstances – which may relate to one or more
of the financial conditions, results of operations and businesses
of bp and certain of the plans and objectives of bp with respect to
these items. These statements are generally, but not always,
identified by the use of words such as 'will', 'expects', 'is
expected to', 'aims', 'should', 'may', 'objective', 'is likely to',
'intends', 'believes', 'anticipates', 'plans', 'we see' or similar
expressions. In particular, the following, among other statements,
are all forward-looking statements: statements relating to bp's net
zero carbon goals including its ambition to be a net zero company
by 2050 or sooner and to help the world reach net zero; statements
relating to bp's 2030 aims including to have developed around 50
gigawatts of net renewable generating capacity, to have increased
annual low carbon investment 10-fold to around $5 billion and to cut oil and gas production by
40%. By their nature, forward-looking statements involve risk
and uncertainty because they relate to events and depend on
circumstances that will or may occur in the future and are outside
the control of bp. Actual results may differ from those expressed
in such statements, depending on a variety of factors including the
risk factors set forth in our most recent Annual Report and Form
20-F under "Risk factors" and in any of our more recent public
reports. Our most recent Annual Report and Form 20-F and other
period filings are available on our website at www.bp.com, or can
be obtained from the SEC by calling 1-800-SEC-0330 or on its
website at www.sec.gov.
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SOURCE IBM